Securitas AB Q3 sales slightly beat on Technology and Guarding business units strength

Securitas AB

23/10/2026 07:11

Overview
Sweden security services firm's Q3 sales were flat yr/yr, slightly beating analyst expectations
Q3 organic sales growth was 0%, with growth in technology offset by airport security weakness
Adjusted operating margin in Q3 was 8.2%, stable from last year

Outlook
Company expects full-year operating cash flow at 80–90% of operating income before amortization
Securitas targets 10% average annual EPS growth over a business cycle
Company aims for net debt to EBITDA below 2.5x

Result Drivers
TECHNOLOGY AND GUARDING GROWTH - Co said growth in North American technology and guarding units supported results, but was offset by weaker airport security activity in Europe
TECHNOLOGY MOMENTUM - Record-high installation order intake in North America and Ibero-America contributed to growth in technology and solutions
CAUTIOUS DEMAND - Co said more selective purchasing and longer decision cycles in some markets, especially Europe and Ibero-America, weighed on topline growth

Company press release: ID:nWkr6ZxJyL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
SEK 38.57 bln
SEK 38.35 bln (5 Analysts)
Q3 Adjusted EPS
 
SEK 3.28
 
Q3 EPS
 
SEK 3.68
 
Q3 Operating Income Before Amortization
 
SEK 3.16 bln
 
Q3 Operating Margin
 
8.20%
 
Q3 Organic Growth
 
0.00%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Securitas AB is SEK165.50, about 0.4% above its October 22 closing price of SEK164.80
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 22 - Sweden's Coor Q3 sales flat, margin improves
Oct 23 - Sweden's Bravida Q3 net sales rise 9%, order backlog hits record
Oct 23 - Instalco Q3 revenue beats on strength in Sweden units

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)